- TGOD
received a 100 percent organic rating from Toronto-based Corporate
Knights magazine
- The
company successfully renewed its Health Canada licenses authorizing the
cultivation, processing and sale of cannabis from its Ancaster, Ontario,
facility
- The
cannabis company is lauded by the publication for its projected efficient,
ecological use of renewable hydropower, which is scheduled to commence
later this year
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX:
TGODF), committed to production of organic cannabis, has been named one of
the eco-friendliest cannabis firms in Canada. Corporate Knights, a
Toronto-based publication, gave TGOD a 100 percent organic rating and cited its
projected million square foot, ecologically efficient greenhouse in
Valleyfield, Quebec (scheduled to operate later this year on renewable
hydropower), as being a key component in the company’s anticipated growth (http://ibn.fm/jOxuA). As the
budding cannabis industry continues to evolve, issues of sustainability and
growing “greener” product are rising to the surface, and TGOD is currently one
of only a handful of organic growers in Canada.
In an effort to meet the burgeoning market’s demand for
product, cannabis producers have been focused on amassing large quantities of
product. In this rush to produce, something has been neglected by most firms:
tracking, disclosing and bettering their ESG (environment, social, governance)
indicators. If sustainability efforts exist, they can mostly be found in the
form of “cough[ed] up blurbs.” TGOD is ahead of the sustainability curve,
however, joining 44 other cannabis growers to form the Global Cannabis
Partnership. The Partnership published a Responsible Cannabis Framework setting
up basic social responsibility standards for its partners. TGOD has become a
leader among cannabis businesses wishing to adopt ‘greener’ practices and
adhere to sustainability measures.
At the same time, TGOD has received renewal for its Health
Canada licenses through August 2022, authorizing the cultivation, processing
and sale of cannabis at its Ancaster, Ontario, facility (http://ibn.fm/2qMXa). Completion
is expected by the end of August 2019 for TGOD’s third building at the site, a
state-of-the-art hybrid greenhouse. That facility would bring the complex up to
166,000 square feet with an annual production capacity of 17,500 kilograms.
TGOD also received organic certification for its
Valleyfield, Quebec, facility. TGOD anticipates that, when completed, this
location will span up to 1.3 million square feet and become the largest
organic-cannabis greenhouse in the world (http://ibn.fm/Ia5rZ). TGOD already has certified-organic
growing facilities in Europe and Canada.
“From day one, the entire team at TGOD placed a strong focus
on ethics and compliance,” TGOD CEO Brian Athaide stated in a news release.
“These core values have been paramount to our success. Our team continues to
work diligently as we ramp up production and execute our business plan.”
The plan targets the global CBD market, which the company sees
reaching $22 billion in less than three years. TGOD is entering the global
hemp-CBD market by debuting its global strategic hemp division. The move
leverages the company’s expertise in the European hemp-CBD market across its
in-place network of international partners (http://ibn.fm/uMJU2). That strategy includes several
initiatives, including expansion in Canada, Germany, Jamaica, Mexico, Poland
and the United States.
Toronto-based TGOD is a premium global organic cannabis
company with operations focused on medical cannabis markets in Canada, Europe,
the Caribbean and Latin America, as well as the Canadian adult-use market.
Through wholly owned subsidiary HemPoland, TOGD distributes premium hemp-CBD
oil in the European Union.
For more information, visit the company’s website at www.TGOD.ca
NOTE TO INVESTORS: The latest news and updates
relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF
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